CLICK TO ENLARGEKUALA LUMPUR: The producer price index (PPI), which measures the costs of goods at the factory gate, eased to 10.9% last month compared with 11.2% in May as commodity prices came off their highs. Sunway University professor of economics Dr Yeah Kim Leng said the pass-through from producer prices to consumer prices had been relatively muted largely due to the administered prices of controlled items. Statistics Department chief statistician Datuk Seri Mohd Uzir Mahidin said all sectors of the PPI recorded a double-digit increase, except for utility. Mohd Uzir said the manufacture of coke and refined petroleum products stood at 22.3% in June, down from 22.9% in May. Statistics Department chief statistician Datuk Seri Mohd Uzir Mahidin said all sectors of the PPI recorded a double-digit increase, except for utility.

Source: The Star July 27, 2022 22:32 UTC